ICICI Bank Probationary Officer Recruitment Programme 2014

i) Probationary Officer Training Programme is an initiative of ICICI Bank to attract young talent who wish to pursue a career in banking. It is designed to develop specialists with banking knowledge and skills to fulfill the future need of trained bankers.

ii) It is a one year full time residential training programme, conducted at ICICI Manipal Academy campus, Bangalore. Applicants joining the Probationary Officer Training Programme will be enrolled for MBA in Banking and Finance with Manipal University, an UGC recognized University.

*The GD and the PI ( only for applicants who successfully clear the GD ) will be concluded on the same day.

ICICI Bank PO Selection Process Details 2014 :

i) The ICICI Bank Probationary Officer Aptitude Test is likely to be held in January, 2014 / February, 2014 followed by Group Discussions / Interviews in February, 2014 / March, 2014 for the applicants who clear the Aptitude Test.

ICICI Bank Fees of the Probationary Officer Training Programme :

i) The Probationary Officer Training Programme is a cashless bridge to managerial jobs for aspiring students. To pursue the Probationary Officer Training Programme, the interested students will have to invest 3.37 lakh ( The course fee is 3 lakh. Along with the applicable service tax at the current rate of 12.36%, the total amount to be paid is 3.37 lakh ). However, during repayment of the loan, the prevalent service tax rates will apply ) which would be provided by ICICI Bank as a loan at a subsidized interest rate of 2.5%. p.a. This is the fee for the first phase of the PGDB programme. The fee for Phase II is an additional amount of 1.5 lakh. This will be paid by students who opt for this phase.

ii) After completion of the Training Programme, the Probationary Officers will be absorbed as Assistant Manager in the Bank. The loan is to be repaid by Probationary Officers in equated monthly installment (EMI) after joining the Bank. There would be no recovery of EMI or interest during the training and internship period, the interest accrued during this period would be recovered along with the normal EMI. The EMI is spread over a period of 60 months to ensure that there is minimal impact in the monthly earnings of the Probationary Officer.

iii) However, if the applicant leaves during training or within five years of joining ICICI Bank after training, ICICI Bank would recover the principal and the interest at market rate on the entire loan amount for the period that the amount was given as a loan to the Probationary Officer.